In this interview, the Economist sits down with Nouriel Roubini of Roubini Global Economics to discuss America’s banking reforms, the risk of deflation in advanced economies and China’s growth.
Mr. Roubini has been on top of the Global Financial Crisis from the beginning but I think he is a bit overconfident about our ability to see the next one coming. He may be able to see it but will anyone in a position to fix it do anything about it next time?
I also think China’s economic issues are potentially bigger than the $2 trillion pile of forex reserves (mostly US Treasuries). Politically, China’s worker bees have learned that they can protest against factory bosses without getting their heads bashed. What if a ten million or so decide to take it up a notch in the future when they get tossed out of their factories or lose big on their first home purchase?
Prof Roubini’s only correct forecast was the beginning of the recession. Since then he has been consistently wrong. Pessimism provides him with cheap publicity. The recession did not develop as catastrophically as he predicted and the recovery was better than he predicted. Despite the present slowdown, from less stimulus, the US economy is still growing and leading economic indicators expect that growth to continue. NO double dip recession in 2010/2011.
Trade Forex where technology meets the world of finance; where technology meets foreign currency.
Our Forex platform was developed by traders who understand the needs of a successful trader.
PROTECT AND GROW WEALTH OFFSHORE
Protect Yourself and Your Assets against Devaluation of the Dollar, Currency Controls, Tax Hikes and Nationalization!
By Prieur du Plessis, on August 12th, 2010 posted in: Economy, US 
2 people had their say - chime in!![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
Email
Byron Wien Announces “The Ten Surprises” for 2013
Prieur’s Readings (January 3, 2013)
Bob Farrell’s 10 rules for investing
Running 2012 NYC Marathon – a means to a better life for impoverished children
Prieur’s Readings (August 29, 2012): No “death of equities”
Mr. Roubini has been on top of the Global Financial Crisis from the beginning but I think he is a bit overconfident about our ability to see the next one coming. He may be able to see it but will anyone in a position to fix it do anything about it next time?
I also think China’s economic issues are potentially bigger than the $2 trillion pile of forex reserves (mostly US Treasuries). Politically, China’s worker bees have learned that they can protest against factory bosses without getting their heads bashed. What if a ten million or so decide to take it up a notch in the future when they get tossed out of their factories or lose big on their first home purchase?
Prof Roubini’s only correct forecast was the beginning of the recession. Since then he has been consistently wrong. Pessimism provides him with cheap publicity. The recession did not develop as catastrophically as he predicted and the recovery was better than he predicted. Despite the present slowdown, from less stimulus, the US economy is still growing and leading economic indicators expect that growth to continue. NO double dip recession in 2010/2011.